Please include your IP address in your email. However, most traders, especially new ones, experience a problem. This is why experienced traders, that is those that have survived, consistently indicate, solid rules on money management is a key to successful Forex trading.Forex trading is not new. Strangely enough a good trading system or strategy is only part of the answer. Successful traders use good money management and broke former traders use poor management.One of the key rules is never risk more than 5% of your account on any one trade.
This is not rocket science. This basic rule applies to Forex, futures, stocks, commodities and options.Then why do so many Forex traders, new traders maiThe system discussed here is not the holy grail of forex trading. There is no such thing. How to become a profitable forex trader has far more to do with mindset than with a specific trading strategy.
That is to say, is it hard to quit smoking. Those of you who have smoked before - or still are smoking - will probably say that it is indeed (very) hard. So, without further ado, here are my 9 not-so-secret secrets to successful Forex trading:1) PICK ONE trading method and keep it clean and simple. The truth about trading strategies is that finding one that gives you a high-probability edge in the market is not that difficult. This lesson will answer many questions I get from traders asking about breakeven stops, trailing stop losses, and more.